Great Elm Capital (NASDAQ:GECC) Shares Up 0.8% – Still a Buy?

Great Elm Capital Corp. (NASDAQ:GECC) shares shot up 0.8% on Monday . The company traded as high as $10.38 and last traded at $10.36. 11,570 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 17,529 shares. The stock had previously closed at $10.28.

Great Elm Capital Price Performance

The stock has a market capitalization of $108.78 million, a price-to-earnings ratio of 15.09 and a beta of 1.61. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.83. The business has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $10.24.

Great Elm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 dividend on an annualized basis and a yield of 13.45%. Great Elm Capital’s dividend payout ratio (DPR) is 202.90%.

Insiders Place Their Bets

In related news, Director Matthew A. Drapkin purchased 9,600 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $9.92 per share, with a total value of $95,232.00. Following the completion of the acquisition, the director now owns 75,716 shares of the company’s stock, valued at approximately $751,102.72. This represents a 14.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Great Elm Capital stock. Crestwood Advisors Group LLC purchased a new position in Great Elm Capital Corp. (NASDAQ:GECC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,518 shares of the financial services provider’s stock, valued at approximately $127,000. Crestwood Advisors Group LLC owned about 0.13% of Great Elm Capital at the end of the most recent quarter. Institutional investors and hedge funds own 38.75% of the company’s stock.

About Great Elm Capital

Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment.